2019 (1) TMI 480

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..... loan and depreciation were missed out while claiming original deduction under Section 80IA of the Act. Similarly, inadvertent errors were also made by the auditors who were issued the audit report in prescribed format. However, upon realizing the error, the assessee issued suo motu revised computation of income before the assessing officer during the course of the assessment proceedings. The Tr .....

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..... nt P.C.: 1. These appeals arise under common background. We may refer the facts from Income Tax Appeal No. 787 of 2016. 2. The appeal is filed by the Revenue challenging the judgment of the Income Tax Appellate Tribunal ( Tribunal for short). Following question was argued before us:- Whether on the facts and circumstances of the case and in law, the Tribunal failed to appreciat .....

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..... income inadvertently. It was pointed out that the expenses pertaining to indirect expenditure, interest on term loan and depreciation were missed out while claiming original deduction under Section 80IA of the Act. Similarly, inadvertent errors were also made by the auditors who were issued the audit report in prescribed format. However, upon realizing the error, the assessee issued suo motu revi .....

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